Schroder Investment Management Group Sells 245 Shares of Cloudflare, Inc. (NYSE:NET)

Schroder Investment Management Group trimmed its position in Cloudflare, Inc. (NYSE:NET) by 0.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 327,914 shares of the company’s stock after selling 245 shares during the period. Schroder Investment Management Group’s holdings in Cloudflare were worth $35,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Stratos Wealth Partners LTD. raised its holdings in Cloudflare by 1.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,583 shares of the company’s stock worth $709,000 after purchasing an additional 77 shares during the period. Atomi Financial Group Inc. raised its stake in Cloudflare by 3.3% during the 4th quarter. Atomi Financial Group Inc. now owns 2,966 shares of the company’s stock worth $319,000 after buying an additional 94 shares during the period. Baxter Bros Inc. lifted its holdings in Cloudflare by 3.8% during the fourth quarter. Baxter Bros Inc. now owns 2,750 shares of the company’s stock worth $296,000 after acquiring an additional 100 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Cloudflare by 4.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 2,529 shares of the company’s stock valued at $293,000 after acquiring an additional 105 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in shares of Cloudflare by 0.5% in the fourth quarter. D.A. Davidson & CO. now owns 21,075 shares of the company’s stock worth $2,269,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Cloudflare Trading Up 2.6 %

Shares of NYSE:NET opened at $115.60 on Wednesday. Cloudflare, Inc. has a 52-week low of $66.24 and a 52-week high of $177.37. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.37 and a current ratio of 3.37. The company has a market capitalization of $39.89 billion, a P/E ratio of -525.47 and a beta of 1.27. The company has a 50-day simple moving average of $137.39 and a 200 day simple moving average of $112.03.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, February 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). Cloudflare had a negative return on equity of 5.52% and a negative net margin of 4.72%. Sell-side analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $113.81, for a total transaction of $1,707,150.00. Following the completion of the sale, the chief financial officer now owns 252,869 shares in the company, valued at $28,779,020.89. The trade was a 5.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Douglas James Kramer sold 2,481 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $131.66, for a total value of $326,648.46. Following the transaction, the insider now owns 175,688 shares in the company, valued at approximately $23,131,082.08. This trade represents a 1.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 627,046 shares of company stock worth $81,158,262 over the last ninety days. Insiders own 12.83% of the company’s stock.

Analyst Upgrades and Downgrades

NET has been the topic of several recent analyst reports. Morgan Stanley assumed coverage on Cloudflare in a report on Tuesday, March 18th. They set an “overweight” rating on the stock. Jefferies Financial Group upped their price target on shares of Cloudflare from $100.00 to $125.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Guggenheim increased their price objective on shares of Cloudflare from $57.00 to $68.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. Citigroup raised shares of Cloudflare from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $95.00 to $145.00 in a research report on Friday, January 17th. Finally, Scotiabank increased their target price on Cloudflare from $87.00 to $110.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $135.64.

Cloudflare Company Profile

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.